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Our local "Community News" rag arrived in the mail several days ago and in the real estate section it showed homes in our zip were on the market an average of ten days. I mentioned it to my neighbor (he deals commercial real estate) and he said within our neighborhood the numbers were even smaller. In fact, he said, a house several doors down from me sold in one day for above asking price.

I knew the northeast Austin market was hot but....damn!
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Oops...meant *northwest* Austin.
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Puget Sound is the same. Some areas like Bellevue, Redmond, the Ballard area of Seattle are insane.

There is no inventory to speak of here, and there are a number of people flush with tech money cash.
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That's undoubtedly part of it here too. Within ten minutes you can be at Zynga, eBay, Google, some parts of Dell, and Oracle. Another ten minutes will get you more of Dell and IBM (at least the dregs now left of it here).
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